The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1887-04-16

PHILADELPHIA AND IDAHO On.

the Philadelphia and Idaho Com
pany came into possession of tn,
property formerly under the con
troll of the Philadelphia Mimi,
and Smelling Company. TIL,
new company has a capita
stock Of one million dollars, tn,
shares being valued at one dol
lar each, and are mainly helt
by the principal owners of the ole
organization. A working capita,
Of $500, 600 is in the treasury. and
it is proposed to conduct the af
fairs of the newly organized com.
pany upon a scale far greater than
heretofore carried on. The sale Of
the property advertised to be dis.
posed Of at Sheriff's sale, was made
on Saturday last to satisfy a iudg.
ment obtained, and was bid in by 0.
B. Battcn, of the law firm of Hynd-
man & Batten, of this place, on
behalf of James NJ. Rhodes of
Philadelphia, who is prominently
identified with the company. Dur
ing the present month Mr.. Sydney
l.. Wright, president of the new
company, is expected to arrive here,
accompanied by other stockholders,
and upon their arrival the future
plans Of the company and the de-
tails of the seasons work will be
arranged. Some little uncertainty
prevails as to the probable working
of the interstate commerce law and
the effect it will have on the trans
portion of ore to and from this
point, but this question will in all
likelihood be fully settled and the
establishment of rates made in
short time. The prospects of the
company are at the present time
very flattering. The developments
made in several of its mines are of
the most encouraging nature, and
large bodies of ore are in sight in
the North Star, ut East Fork, the
Silver Star, on Smoky, while in
the Ervine mine every days work
shows the ore body recently struck
there to be Of steadily increasing
proportions and value. Great
hopes are also entertained that the
West Fork mine will also come in
to line this season with a fine body
Of ore, the work now being done
showing every indication of such
result being attained. With the
large amount of capital invested.
The new company will find itself in
a position to secure all the ores OF
his and the surrounding districts
Ter reduction at its works. All |
hat is needful in this direction is
he pursuit of liberal policy by |
he company, and to make it an
object for every miner who has q
,on or more of ore to sell to dis
pose of it here. Those who are
a market to sell their ore
naturally want to secure the best |
price for the same. |
Hundreds of tons of ore will find
heir way here during the coming
season, and it should by right be
retained here for reduction. What
will be the working charges this
'cason at the smelling works has
lot been settled as yet. but it is
certainly to be hoped that they will
'e such that will offer every in
lucement to miners and mine own
RS to make Ketchum their market.
t is a matter of serious importance
o the town whether the greater
'ortion of the ores are brought here
or reduction or sent away. and the
ompany has it in its power to add
realty to our general prosperity
y fixing the charges at figure
hat will enable it to secure a very
arge percentage of all the ores
reduced during the coming season.
MINING NOTES.
Another car load of ore from
lint district arrived at the smelter
uring the week. The ore is from
he Enterprise, Pennsylvania and
I'D Judge mines, and the owners
lain that by sending the ore to
letchum better returns are received
nan from other places.
A streak of ore varying in thick
ess from two inches to foot has
cen struck in the Independence
line. Assays made on Tuesday
how it to carry 1856 ounces in sill
er and 80 per cent. lead. The In
ependence shows constant i'm
as work progresses.
The smelling works are being
ut in a thorough state of repair in
rider to be ready for an unusually /:
ctive season this year. The pros
sets are very favorable for both
.acks to be kept running a good
eal of the time.
Vladyslav Domski, the owner of
claim on East Fork. near the
orth Star, is reported to have
lade q rich strike in his mine.
The leaseIs at work in the Black
[orse mine are getting out cOnsid-
able ore and anticipate a good
ean-up shortly in return for the !!